AUD Trading Outlook (21-12-2015)

AUD/USD

Pivot: 0.753

Our preference: short positions below 0.753 with targets @ 0.69 & 0.665 in extension.

Alternative scenario: above 0.753 look for further upside with 0.7805 & 0.8165 as targets.

Comment: as long as 0.753 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:
0.8165 ***
0.7805 ***
0.753 ***
0.7175 Last
0.69 ***
0.665 **
0.635 ***

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